As you can see from the chart, USD/JPY was just supported by 61.8% Fibo extension, which is also one of previous lows.
I opened my long oder at 113.350, and my target will be 114.600 of 123.6%.
The reason that my target is 114.600 is because the 114.600 is the neck-line of this vibrating region, and also it will be really close to 200days' MA if it go up in the coming hours.
However, since the price has been moving under 200 days' MA, I didn't put the SL under 161.8%, but about 112.650. Although I think it is going up, I don't felling like risking too much in this order. If you are interested but think that it's better to put SL under 161.8%, then absolutely no problem.